Finecobank is queen of actions, Imi Bank of bonds. After a first semester in the name of recovery on stock markets (Ftse Mib +15,9% and Ftse Italia Star +13,6%, against -16,1 and -16,6% recorded in 2018) and the drop in yields on bond ones (which in any case closed the period in the name of optimism, given the expectations of a new Qe and a rate cut by the new president of the ECB, Christine Lagarde), the Association of Financial Market Intermediaries (Assosim) sums up in its usual Report, crowning the most active associates on the platforms managed by Borsa Italiana, Eurotlx, Hi-Mtf and Equiduct.
SHARE RANKINGS
From the ranking relative to actions – elaborated by aggregating i volumes traded by Assosim intermediaries on behalf of third parties on MTA, Aim Italia and Equiduct – it emerges that in the first position there is Finecobank, with a market share of 26,60%; second Imi Bank with 10,74% and third Banca Akros with 10,18%.
In the ranking for number of operations, the podium is the same: Finecobank first with a market share of 23,17%; Imi Bank second with 13,73% e Banca Akros third with 10,45%.
BOND RANKINGS
As for the ranking on the bond – developed by combining i volumes traded for third parties on DomesticMOT, EuroMOT, ExtraMOT, Eurotlx and Hi MTF – the gold medal goes to Imi Bank, with a market share of 20,68%; silver a Banca Akros with 19,97% and bronze a Invest Bank with 10,83%.
If instead of volumes you take into consideration the number of operations, the ranking changes slightly: first and second remain Imi Bank e Banca Akros, with 25,65 and 18,87% respectively, while it reappears in third position Finecobank, with 9,58%.
The report points out that, in addition to the rebound and covers, it also contributed to the positive performance of the shares falling yields on the bond market, which has prompted investors to take more risks on equities.
“The half-year ended with positive signals also on the bond markets – reads the analysis – the dreaded infringement procedure for excessive debt against Italy was not activated, the appointment of Christine Lagarde at the head of the ECB was welcomed with optimism and, finally, the market is betting on a new quantitative easing. These aspects, in addition to the fact that returns, despite the decline, continue to be positive have contributed, for the time being, to bring the purchases of Italian government bonds".
